{
}
The IMF has approved the third review of Sri Lanka's $2.9 billion bailout, releasing approximately $333 million, which brings total funding to around $1.3 billion. While signs of economic recovery are emerging, the country must still address a $12.5 billion bondholder debt restructuring and a $10 billion debt rework with bilateral creditors, including Japan, China, and India. The World Bank projects a 4.4% growth for Sri Lanka this year, marking the first increase in three years.
India requires a range of bilateral trade agreements to enhance market access and leverage the 'China plus one' strategy in global manufacturing, as highlighted in the Reserve Bank of India's November bulletin. The urgency lies in standardizing negotiations to tackle rules of origin and non-tariff barriers. Over the past five years, imports from FTA partners surged by 37.9%, while exports only rose by 14.5%, indicating a need for a more effective trade approach.
Australia and India are set to enhance cooperation in renewable energy and defence, as Prime Minister Anthony Albanese announced plans for investment in solar manufacturing and battery processing during a meeting with Indian Prime Minister Narendra Modi. The partnership aims to leverage Australia’s rich mineral deposits for electric vehicle batteries and includes initiatives to train a rooftop solar workforce in India, which is looking to increase household renewable energy use. Both nations, along with the US and Japan, are part of the Quad alliance, focusing on countering China"s influence in the Indo-Pacific region.
Japan
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
IMF approves third review of Sri Lanka bailout amid economic recovery signs
09:26 23.11.2024
India seeks enhanced trade agreements to leverage global manufacturing shifts
Indian Rupee
United States Dollar
Euro
Mauritius
UAE
Japan
Australia
SAFTA
ASEAN
South Korea
IND
JPN
AUS
KOR
ARE
SAU
MUS
CHN
Show more
16:22 20.11.2024
Australia and India strengthen ties in renewable energy and defence cooperation
02:25 20.11.2024
Trending
Subcategory
Industry Trends
Corporate News
Retail and Consumer Goods
Global Trade Developments
Startups & Entrepreneurship
Supply Chain Management
Government Economic Policies
Workplace Trends
Stock Market Updates
Industry Mergers & Acquisitions
CEO Changes
Fintech Startups
Venture Capital Investments
Finance Mergers & Acquisitions
Energy Sector Developments
Emerging Startups
Financial Scams and Security
Cryptocurrency & Blockchain Regulations
Cryptocurrency Trends
Funding Rounds & Investments
Countries:
Companies:
Apple Inc.
Tesla, Inc.
Google Inc.
Alphabet Inc.
Microsoft Corporation
Foxconn Technology Co., Ltd.
NVIDIA Corporation
Samsung SDI Co., Ltd.
SWIGGY LIMITED
Netflix, Inc.
GEELY AUTO
Amazon.com, Inc.
TENCENT
CarTrade Tech Limited
CapitaLand Investment Ltd
HMC Capital Ltd
Bank of America Corporation
Boeing Co
Loongson Technology Corporation Limited
Cambricon Technologies Corporation Limited
Currencies:
United States Dollar
Chinese Yuan
Indian Rupee
Euro
Japanese Yen
South Korean Won
Indonesian Rupiah
Algerian Dinar
Australian Dollar
Vietnamese Đồng
Egyptian Pound
Saudi Riyal
Swiss Franc
British Pound Sterling
People: